04:50 PM EDT, 05/30/2024 (MT Newswires) -- Dell Technologies' ( DELL ) fiscal first-quarter earnings declined more than expected as weakness in the consumer segment weighed on client solutions sales.

The compute- maker's adjusted earnings fell to $1.27 a share for the quarter ended May 3 from $1.31 a year earlier, trailing the Capital IQ-polled consensus of $1.29. Revenue rose 6% to $22.24 billion, above the Street's view of $21.65 billion.

Dell's shares were down 11% in after-hours trade.

Sales for the client solutions group, which includes personal computers, slipped to $11.97 billion from $11.98 billion, driven by a 15% drop in the consumer segment.

Revenue in the infrastructure solutions group advanced 22% year over year to $9.23 billion, buoyed by a 42% jump in servers and networking.

Servers and networking reached record revenue in the first quarter, with orders for artificial-intelligence-optimized servers rising sequentially to $2.6 billion, Chief Operating Officer Jeff Clarke said in a statement.

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